Descriptive statistics
| Variable | Obs | Mean | Std. dev. | Min | Max | VIF |
|---|---|---|---|---|---|---|
| RREAD-LNT | 496 | −4.014 | 0.597 | −5.394 | −1.792 | – |
| RREAD-SZ | 504 | −0.981 | 0.978 | −4.17 | 2.56 | – |
| RREAD-LNT(Actual) | 496 | 65.899 | 40.986 | 6 | 220 | – |
| RREAD-SZ(Actual) | 504 | 4.108 | 5.202 | 0.077 | 64.7 | – |
| ESGdisclosure | 551 | 0.173 | 0.053 | 0.07 | 0.4 | 1.68 |
| ACBDiv | 244 | 0.791 | 0.727 | 0 | 3 | 1.28 |
| ACMeetings | 325 | 4.551 | 2.017 | 2 | 16 | 1.21 |
| ACNumber | 445 | 3.62 | 1.108 | 0 | 7 | 1.44 |
| Bdsize | 540 | 8.219 | 2.104 | 3 | 16 | 3.61 |
| Boardinde | 540 | 5.95 | 2.004 | 1 | 12 | 2.67 |
| Leverage | 539 | 0.673 | 0.264 | 0.01 | 1.57 | 2.34 |
| SoFirm | 546 | 15.641 | 3.002 | 9.79 | 28.17 | 1.68 |
| ROA | 546 | 0.071 | 0.145 | −0.57 | 1.94 | 1.80 |
| Loss | 543 | 0.241 | 0.428 | 0 | 1 | 1.21 |
| Firmage | 558 | 37.315 | 21.206 | 1 | 127 | 1.29 |
| Variable | Obs | Mean | Std. dev. | Min | Max | VIF |
|---|---|---|---|---|---|---|
| RREAD-LNT | 496 | −4.014 | 0.597 | −5.394 | −1.792 | – |
| RREAD-SZ | 504 | −0.981 | 0.978 | −4.17 | 2.56 | – |
| RREAD-LNT(Actual) | 496 | 65.899 | 40.986 | 6 | 220 | – |
| RREAD-SZ(Actual) | 504 | 4.108 | 5.202 | 0.077 | 64.7 | – |
| ESGdisclosure | 551 | 0.173 | 0.053 | 0.07 | 0.4 | 1.68 |
| ACBDiv | 244 | 0.791 | 0.727 | 0 | 3 | 1.28 |
| ACMeetings | 325 | 4.551 | 2.017 | 2 | 16 | 1.21 |
| ACNumber | 445 | 3.62 | 1.108 | 0 | 7 | 1.44 |
| Bdsize | 540 | 8.219 | 2.104 | 3 | 16 | 3.61 |
| Boardinde | 540 | 5.95 | 2.004 | 1 | 12 | 2.67 |
| Leverage | 539 | 0.673 | 0.264 | 0.01 | 1.57 | 2.34 |
| SoFirm | 546 | 15.641 | 3.002 | 9.79 | 28.17 | 1.68 |
| ROA | 546 | 0.071 | 0.145 | −0.57 | 1.94 | 1.80 |
| Loss | 543 | 0.241 | 0.428 | 0 | 1 | 1.21 |
| Firmage | 558 | 37.315 | 21.206 | 1 | 127 | 1.29 |
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